Sonkali lives with a family of five. She has been rearing goats for the past 4 years. She wants to expand her business by taking a loan from Rang De. Expanding the business would mean a higher income for her family. She wishes to use this credit to add more goats to her farm. She wishes to provide her children with a good future with increased income from this activity. This credit would make her dreams come true. Invest in Sonkali today!
Sonkali Bai is an agripreneur who works 4 hours a day for 6 days a week. With this loan Sonkali Bai will potentially obtain employment for 156 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sonkali Bai Korku has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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